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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 1,654 $ 108
Restricted cash 393 0
Accounts receivable, net of allowance for doubtful accounts of $143 and $123 672 1,346
Inventories 3,624 3,811
Prepaid expenses and other current assets 256 79
Total current assets 6,599 5,344
Property and equipment, net 1,563 1,557
In-process research and development 4,620 4,620
Trademarks, trade names 1,240 1,240
Goodwill 4,658 4,658
Other assets 348 351
Total assets 19,028 17,770
Current liabilities:    
Account payable and accrued expenses 3,548 3,164
Secured lines of credit and current portion of long-term debt 83 3,214
Note payable and accrued interest 63 0
Notes due to employees, current portion 335 681
Advances – related parties 251 288
Total current liabilities 4,280 7,347
Long-term debt, net of current portion and debt discounts 4,459 60
Notes due to employees, net of current portion 68 135
Deferred tax liability 2,205 2,205
Total liabilities 11,012 9,747
Commitments and contingencies
Stockholders’ equity :    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 198,355 shares issued and outstanding (liquidation value of all classes of preferred stock $2,601 and $2,533 as of September 30, 2017 and December 31, 2016, respectively) 962 962
Common stock, $0.001 par value; 100,000,000 shares authorized, 28,855,580 and 22,421,987 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 29 23
Additional paid-in capital 13,522 9,366
Stock subscription 0 25
Treasury stock (327) (327)
Accumulated other comprehensive loss (601) (642)
Accumulated deficit (5,569) (1,384)
Total stockholders' equity 8,016 8,023
Total liabilities and stockholders' equity $ 19,028 $ 17,770